Market is
consolidating in very narrow range. Nifty future is shuttling between 10050
& 10080 range. IOC rallied 4 % ahead of Q1 earnings due later today. The
reason of the market not performing was very much technical. In the coming days
as well, we will continue to see technical factors weigh heavy on market
performance.
Nifty future
closing will be near 10080 today. Today
for nifty future, the 10090 level will continue to act as a temporary top for
the market until it is breached significantly. The 10090 and 10015 levels
will act as immediate resistance for the Nifty future, while supports will come in
at 10050 and 10030 levels.
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